The Latin America, Middle East and Africa Digital Printing Packaging Market would witness market growth of 11.5% CAGR during the forecast period (2022-2028).
Digital printing is a method of transferring ink and images to a substrate without the use of a print plate. Print plates and a sequence of cylinders are used in traditional print procedures to transfer an impression onto the board or substrate. Digital printing provides various supply chain benefits, including speed, cost reductions, quantity control, and print quality, by eliminating print plates and cylinders. A vast range of packaging materials and products can be printed digitally.
The process of sending a digital file, usually a JPEG or PDF file, straight to a printer for printing on packaging substrates is known as digital printing packaging. To convey more precise color output via a screen to the substrate, the digital files are encoded into the CMYK color system. Digital printers, unlike offset printers, do not require any manual effort during setup, which means no paper rolls or dies need to be inserted.
The increasing growth of the regional personal care and cosmetics product industry is the major factor playing a key role in increasing the adoption of digital printing packaging technology. People's strong demand for retaining a youthful appearance has been a major driving force in the South African personal care industry. As a result of this tendency, anti-aging solutions are in high demand across the country. Natural cosmetics and anti-aging products make up a significant share of all cosmetic products purchased across the country. Another key element driving the demand for cosmetics products is increased understanding of the benefits of these products.
The Brazil market dominated the LAMEA Digital Printing Packaging Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $734.6 million by 2028. The Argentina market is experiencing a CAGR of 12.1% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 11.2% during (2022 - 2028).
Based on Printing Technology, the market is segmented into Inkjet and Electrophotography. Based on Packaging Type, the market is segmented into Labels, Corrugated, Folding, and Flexible. Based on Industry, the market is segmented into Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals, Electronics, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Digital Printing Packaging Market is Predict to reach $35.4 Billion by 2028, at a CAGR of 9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include HP, Inc., Xerox Corporation, Mondi Plc, Eastman Kodak Company, DuPont de Nemours, Inc., Quad/Graphics, Inc., DS Smith Plc, Traco Packaging (Traco Manufacturing, Inc.), and Xeikon N.V.
By Printing Technology
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